Generac Holdings Inc. $GNRC Shares Sold by Strs Ohio

Strs Ohio trimmed its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 97.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,384 shares of the technology company’s stock after selling 56,712 shares during the period. Strs Ohio’s holdings in Generac were worth $189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Generac during the 3rd quarter valued at approximately $26,000. Sentry Investment Management LLC lifted its position in shares of Generac by 69.8% during the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after acquiring an additional 67 shares during the period. First Horizon Corp acquired a new stake in shares of Generac during the 3rd quarter valued at approximately $28,000. MUFG Securities EMEA plc acquired a new stake in shares of Generac during the 2nd quarter valued at approximately $25,000. Finally, Quent Capital LLC acquired a new stake in shares of Generac during the 3rd quarter valued at approximately $41,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barclays raised their price objective on shares of Generac from $213.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Friday, March 27th. Wells Fargo & Company raised their price objective on shares of Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Stephens reissued an “overweight” rating and set a $290.00 price objective on shares of Generac in a research note on Friday, May 1st. Finally, Citigroup raised their price objective on shares of Generac from $226.00 to $263.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.31.

Generac Trading Up 0.7%

Shares of GNRC opened at $271.42 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $215.04 and a 200-day simple moving average of $184.38. Generac Holdings Inc. has a 1-year low of $118.09 and a 1-year high of $273.57. The stock has a market cap of $15.98 billion, a price-to-earnings ratio of 85.09, a price-to-earnings-growth ratio of 2.52 and a beta of 1.93.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.33 by $0.47. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. Generac’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 EPS. Equities analysts forecast that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Insider Buying and Selling

In other Generac news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the sale, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. The trade was a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.